$16.50 Per Pound of Paid for Specialty Coffee in Honduras

The prices paid in the electronic auction of specialty coffee in Honduras did not reach the levels of previous year.

The highest amount paid went to coffee from the winner farm in the Cup of Excellence contest, Santa Rosita Lempira, which was acquired by companies Time's Club for C-COOP, Kyokuto Fadie, Tashiro Coffee and Tribe, all from Japan as well as Coffee Libre from South Korea.

The second in price, at $ 16.4 per pound, went to El Liquidambal, and the third at $15.1 a pound, went to the Buena Vista property.

"... Despite the good prices represented, the price achieved for specialty coffee in the country was far from other Central American countries prices, and below the $21.70 reached last year in the international auction", reported Laprensa.hn

The highest value reached at the auction was for a lot of 23 quintals of coffee, by producer Rodrigo Peralta.

The vast majority of the 107 buyers participating in the online auction were from Asia.

According to Juan Carlos Munguia, president of the Specialty Coffee Association of Nicaragua (ACEN), the outcome of the auction was very good and exceeded the top level reached last year 2011, which was $18.30 a pound.

The international auction Cup of Excellence 2009 in Honduras reached a record price of $18.75 per pound.

37 producers from Honduras participated in the auction which was organized by the Honduran Institute of Coffee (Ihcafe). At a record price of $18.75 per pound, the winner of the Cup of Excellence, Bertilio Reyes Portillo sold 3,750 pounds of coffee to the Japanese company Kyokuto Fadie Corporation.

The highest price achieved at auction went to coffee from the farm ‘Las Brumas ‘ in Izalco Sonsonate.

In the final stage of the Cup of Excellence competition, the online auction, the second best price went to coffee from the farm ‘La Laguna’ in Citalá, Chalatenango, priced at $18.60. Third place went to El Porvenir farm in San Miguel, for $14.80.

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